Applied Industrial Technologies, Inc. Declares Quarterly Cash Dividend, Payable on November 30, 2023
October 26, 2023 at 09:13 am EDT
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Applied Industrial Technologies, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.35 per common share, payable on November 30, 2023, to shareholders of record on November 15, 2023.
Applied Industrial Technologies, Inc. is a value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. The Companyâs segments include Service Center Based Distribution and Engineered Solutions. The Service Center Based Distribution segment operates through local service centers and distribution centers with a focus on providing products and services addressing the maintenance and repair of motion control infrastructure and production equipment. Its products include industrial bearings, motors, belting, drives, couplings, pumps, linear motion products, hydraulic and pneumatic components, filtration supplies, and hoses. The Engineered Solutions segment includes its operations that specialize in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, and engineered flow control products and services.